Silicon Valley High-Tech Company Tour

Swisher reports the three are leaving by choice and Schneider has wanted to leave for some time but stayed aboard at the request of CEO Carol Bartz. She will remain with the company until Yahoo finds a replacement.

News of the resignations has the rumor mill swirling about Bartz's future, too. Some board members had an emergency meeting at the company's Sunnyvale headquarters to discuss how to deal with the management issues, according to Swisher.